Financial Technologies shares rebound 31% on value-buying

 Shares of Financial Technologies India, the promoter of National Spot Exchange Ltd (NSEL), on Monday bounced back by nearly 31 per cent on heavy buying after investors judged the massive 72 per cent plunge in the previous two sessions as excessive.

FTIL’s scrip surged 30.88 per cent to Rs 197.95 on BSE. Intra-day, the stock jumped 40.16 per cent to Rs 212. The stock had slumped 72 per cent over the last two days amid problems at NSEL. FTIL-promoted MCX shares were locked in lower circuit as they shed 10 per cent.